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20130224
Search Results 0 to 4 of about 5 (some duplicates have been removed)
and the question is when you bump up against it and come up against the debt ceiling and the fiscal cliff usually we put it off but this is one i think that will cause tremendous damage and the -- >> $85 billion. >> with the congress gone for a week when do they have time to negotiate. >> $85 billion in a $3.5 trillion budget. >> and -- >> it will hurt the economy. >> if you lose your job i think it hurts you, don't you think. >> fundamentally, the debt we have at the moment is the bigger problem for the economy and job creation. the president -- >> chris: let me bring karl in here. one, to talk about the sequester and also, in a bigger sense, look at the president's state of the union speech and agenda he laid out and what does it tell us what he wants to do in his second term. >> spend a lot of money and pursue a lot of liberal social policies and also says he's out of touch with the reality of where the country is, the democrats spent the last week going around and saying we don't have a spending problem and on the fox poll 83% of the american people say we have a spending problem, i agree wit
with this somewhat justified given those numbers? i mean, even when we were dealing with the debt ceiling and the fiscal cliff, there was a lot more activity coming out of this white house. >> there is a great deal of activity in this white house regarding the sequester, and there will continue to be. you saw the president yesterday urged congress to take the necessary actions to avoid these across the board in the scrimmaged -- in discriminatory cut that would do harm to our national security and cost jobs. these are men and women patrolling our borders. teachers, first responders. these are real people whose futures hang in the balance depending on a decision that republicans in congress will or will not make. secondly, besides the cbo, they estimate that the sequester, if it takes place in 2013, it will reduce growth 5.6% during 2013. we have already seen impacts from the sequestered. analysts made it clear back in january. it was in large part because the defense sector had anticipation of the sequestered driving down defense spending. we will see only more of that happen if a sequest
is under 2% growth. if we don't resolve some of the debt ceiling and some of spending cuts and get into some of the fiscal order that you were talking about, we are going to have that wait on us. and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still at negative growth was 7%. so now you're up to 50% or so of world gdp that is a drag on the economy. how do you look at the broadest sense of contagion as it relates to emerging market growth, developing country growth with 50% of world gdp possibly in a situation? >> i think the trade figures tell it all. whether you agree with the figure on growth or not. i think the trade figures show what's happening. and there's no doubt picking one of the countries you mentioned, china. i mean, china for the last 20 years has been double-digit growth. last year they had one of the worst years in recent memory. we'll see the final figures coming out. it didn't get below 7%. but when you move from double-digit down to seven something percent, and one of the major drivers of that was their
the government at the end of march or allow a -- another debt ceiling crisis. i think it will be more of the same. like muddle through without that, you know, cathartic relief from all the fiscal uncertainty. but neither a catastrophe. >> all right. and stocks continue to run on monetary fumes as greg said. greg, thank you again for your time. great to see you this morning. >> all right. thanks, kelly. >>> the major news event in europe, the italian elections on sunday. italy's caretaker prime minister mario monty has come out swinging again the former premier, silvio berlusconi, saying he didn't maintain promises made in the past and that the new governor could govern well. this as the foul mouthed comedian/politician whipped a route into a frenzy into a rally in milan:we have more. >> reporter: supporters of the five-star movement out in force. some estimates suggest up to 100,000 people gathered in the square to hear him speak. he was treated like a rock star by the supporters that surrounded him as he left his camper van, the tsunami tour is what he's allegedly on right now. he certainly is g
Search Results 0 to 4 of about 5 (some duplicates have been removed)